All Forum Posts by: Walker Seid

Most people don't want to buy a project. 

Ask for closing costs and maybe 5k off the asking price. Tell her its all you have. Something is better than nothing.

If you like to gamble you could start trading options. 

It would be a good idea to buy the house but you should get pre qualified so you can see if you can get financing with a part time job.

if your debt to income ratio stays low enough you could borrow the money but if not it might be a good idea to pay cash or do 50/50 for a smaller payment

I used the snowball method to pay off over 80k in debt in about 1.5 years. Now I maintain no personal debt and use all of my income for down payments on rental properties (good debt). I've bought 3 houses in the last 8 months. My goal is to buy 4 properties a year (good debt). 

Probably because the insurance is crazy expensive because of the location. Also home prices are going up everywhere so its a great time to sell.

I think the first step is to find a property and buy it. If the numbers are going to work you can figure everything else out later.

So if the seller is willing to carry 75% it shouldn't be too hard to get the bank to finance the other 25%

Thanks a lot guys.